The Effects of Moratoria on Residential Development: Evidence from a Matching Approach
使用倾向得分匹配方法评估马里兰州霍华德县公共设施充足条例对住宅开发的影响，发现该政策在实施后两年内减缓了新房建设，约减少355套住房。
An evaluation on the effects of the Adequate Public Facility Ordinance (APFO) has been conducted on new residential development in Howard County, Maryland. APFO has been used in some counties in Maryland in order to implement smart growth initiatives as the city is one of the fastest growing places in the US. In order to have an insight to the APFO, modern matching techniques has been used. A matching estimator has been used and the evaluation used a unique dataset for Howard County, Maryland. A class of estimators known as propensity score-matching estimators has been utilized. It was found that the APFO policy slowed new development in the two years after it has been enacted, or equivalent to about 355 new housing units.